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CODE OF CONDUCT

code OF CONDUCT IN THE NIGERIAN banking industry (PROFESSIONAL code OF ETHICS AND BUSINESS CONDUCT ) Published by: The Chartered Institute of Bankers of Nigeria Bankers House PC 19, Adeola Hopewell Street Victoria Island, Lagos Copyright 2014 The Chartered Institute of Bankers of Nigeria H E T N B I P R E S S L I M I T E D Printed by: The CIBN Press Limited 7, Turton Street, Sabo-Yaba, Lagos 08055314308 1 CONTENTS ACRONYMS 3 PREAMBLE 4 DEFINITIONS AND INTERPRETATIONS 6 OBJECTIVES 8 SECTION 1 Professional code of CONDUCT for Individual Members 10 14 SECTION 2 Unethical Practices/Unprofessional CONDUCT for Members 15 23 SECTION 3 Banks and their Customers 24 35 SECTION 4 Infringements and Sanctions 36 50 SECTION 5 Establishment of the Investigating Panel and Disciplinary Tribunal (Extract from the CIBN Act) 51 53 2 code OF CONDUCT IN THE NIGERIAN banking industry (Professional code of Ethics and Business CONDUCT ) Acronyms: BBCEN: BC: BCIP: BCSEP: BOFIA: CAMA: CBN: CCCOBIN: CCSOB: CIBN: EFCC: FIRS ICPC: NDIC: NDLEA: OFID: SIID: DH.

to ensure strict adherence to best banking practices and strong commitment to ethical and professional standards in behaviour in the Nigerian banking industry. 1.2 This Code of Conduct (the Code) extends to all Executive Directors, Managers, Officers, Supervisors and Employees including full-time, part-time,

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